Self Made: NASE's Blog

Wednesday, May 18, 2011
Q: I own a small restaurant, 2011 is the first year of actual activity.  I don't know how to pay myself for the hours I spend there at the restaurant.  Am I suppost to treat myself like one of my employees? That would mean having social security and income tax withheld from myself or do I make member draws to pay my personal bills? A: How you declare income for yourself will depend on the tax structure of the business.... The general rules of how you take out money are as follows:   If you are a sole proprietor (or an ...
Tuesday, May 17, 2011
Posted by Kristin Oberlander - As the Federal government announces that it has reached the debt ceiling and has shuffled funds to meet the nation’s financial commitments, micro-businesses and the self-employed believe that spending for domestic programs, job creation initiatives, tax cuts and federal subsidies should be scaled back to address the deficit, according to a recent survey by the National Association for the Self-Employed (NASE). Ninety-three percent of micro-businesses were either moderately or significantly concerned about the federal budget deficit. Seventy-four percent said that the federal budget deficit is a significant problem that needs to be addressed immediately. In ...
Monday, May 16, 2011
Posted by Kristin Oberlander - More than half of Americans either own or work for a small business, according to the Small Business Administration (SBA). The National Association for the Self-Employed (NASE) is teaming up with the SBA for the 10th year in a row to sponsor National Small Business Week 2011. For nearly fifty years, one week has been set aside annually in order to honor the contributions of the nation’s small business community. The NASE works with the SBA to help increase access to capital and lends our support to federal initiatives that have proven helpful to micro-business ...
Thursday, May 12, 2011
Under the Affordable Health Care Act, states will be required to create insurance pooling mechanisms known as Exchanges to increase competition in the insurance market and improve the accessibility and affordability of coverage for individuals, the self-employed and small businesses. The House recently passed a bill (H.R. 1213) to strip funding for states to establish these Exchanges. Creation of Exchanges, which are health marketplaces within states, is one of the positive components of the health reform law. The goal of these new state-based exchanges is to increase competition in the insurance market and improve the accessibility and affordability of coverage ...
Friday, May 06, 2011
Posted by Kristin Oberlander - Congress is back in session Monday after a two-week break in their home districts. They returned to the news of the death of Osama bin Laden. Expect that to dominate the news cycles this week as details on the raid continue to emerge. Top lawmakers in the House and Senate will continue with their efforts to stick to the legislative agenda. Senate Majority Leader Harry Reid (D-Nev.) sought to end debate on a long-stalled small business bill that would provide funding to research and development, as well as educational outreach for those programs. Previously, Reid ...
Monday, May 02, 2011
Q: I need an attorney to write a letter to a business associate that has created fraud and is not willing to make the problem right.  Is there anyone... that can help me? A: Legal Club of America is a member benefit that can help. Follow this link to read about this service: /Membership/MembersBenefits/BenefitDetails.aspx?BenefitId=50 or call Legal Club of America at 1-800-305-6816. Be sure to mention that you are an NASE Member to receive the discounted price. When shopping for any professional, I recommend these steps. First, create a "Job Description" - a statement of what you want from that ...
Thursday, April 28, 2011
The following entry is a Guest Post from author Peter Sheahan, who built two multimillion-dollar businesses by age 30 and has advised some of the world's leading corporations. Don't forget to turn to the NASE team of experts with your business questions. As a small business owner, you are your own sales person.  You’re responsible for finding new business and clients and keeping them coming back for more.  And when you’re just starting out, it’s hard to make those early sales.  I’ve been there, working furiously to get your business off the ground, and desperate for someone—anyone—to buy. It’s important ...
Tuesday, April 26, 2011
Posted by Molly Nelson - Do you want to start a business, but need to continue or augment your education first? Would business certification or licensing help your business thrive? The NASE knows how important education is, which is why we've started our new Succeed Scholarship™ program for continuing education and training. NASE Members can apply for scholarships of up to $4,000 for university or college courses, training courses for business certification and licensing, or participation in conferences and seminars that will encourage business growth. To be considered for a scholarship award in 2011, you must submit all required application ...
Monday, April 25, 2011
Posted by Molly Nelson - Let's start the week with some home office-focused articles. Feel free to share any additional tips or advice in the comments! Small Biz Bee has 11 tips on managing working from home, while Freelance Folder offers 10 home office time savers. Chief Home Officer is an expert on all things home office, and offers home office tips on a wide range of subjects from making your home office both comfortable and productive, sharing a home office with your spouse and which shredder is the best investment (no really, check out the picture!). And if you're ...
Thursday, April 21, 2011
Posted by Julie Henningfield - During times of economic turmoil, small businesses possess the bounce-back quality to quickly redefine strategies. And that’s exactly what you must do to stay ahead of the game in these times – react quickly and adjust strategies. Here are five tips for surviving and thriving in 2011: Concentrate on cash flow. Cash is certainly king, and right now, it’s all about cash flow. Think about buying used equipment or leasing equipment. In the long run, it may cost you, but to meet immediate needs, this may be the solution. Additionally, you will want to ensure that every expense ...

 

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Self Made

A blog on the self-employed and micro-business

Meet the NASE Staff Bloggers


Katie Vlietstra - As Vice President for Government Relations and Public Affairs, I work to explain how actions on Capitol Hill can impact the self-employed. I love D.C. and have made my home in Capitol Hill, where I live with my husband and black Labrador, Coltrane. We love playing volleyball and softball on the National Mall. 

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